AVRE vs. DFGR

Last updated Jun 24, 2026

AVRE (Avantis Real Estate ETF) and DFGR (Dimensional Global Real Estate ETF) are both REIT funds. Both are actively managed. Over the past 3 years, AVRE returned 10.51%/yr vs 11.14%/yr for DFGR. With a 0.99 correlation, they move nearly in lockstep. AVRE charges 0.17%/yr vs 0.22%/yr for DFGR.

Performance

AVRE vs. DFGR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis Real Estate ETF (AVRE) and Dimensional Global Real Estate ETF (DFGR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with AVRE having a 10.29% return and DFGR slightly higher at 10.41%.

AVRE

• 1D: 0.70%
• 1M: 0.44%
• YTD: 10.29%
• 6M: 10.48%
• 1Y: 10.80%
• 3Y*: 10.51%
• 5Y*: —
• 10Y*: —

DFGR

• 1D: 0.41%
• 1M: 0.41%
• YTD: 10.41%
• 6M: 10.83%
• 1Y: 11.18%
• 3Y*: 11.14%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AVRE vs. DFGR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
AVRE Avantis Real Estate ETF	10.29%	8.34%	0.54%	9.10%	-1.13%
DFGR Dimensional Global Real Estate ETF	10.41%	7.65%	1.89%	9.64%	-1.20%

Correlation

The correlation between AVRE and DFGR is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (All Time) Calculated using the full available price history since Dec 7, 2022	0.99

The correlation between AVRE and DFGR has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.

Return for Risk

AVRE vs. DFGR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AVRE

AVRE Risk / Return Rank: 26
AVRE Sharpe Ratio Rank: 26
AVRE Sortino Ratio Rank: 24
AVRE Omega Ratio Rank: 24
AVRE Calmar Ratio Rank: 25
AVRE Martin Ratio Rank: 31

DFGR

DFGR Risk / Return Rank: 27
DFGR Sharpe Ratio Rank: 26
DFGR Sortino Ratio Rank: 25
DFGR Omega Ratio Rank: 25
DFGR Calmar Ratio Rank: 26
DFGR Martin Ratio Rank: 31

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AVRE vs. DFGR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis Real Estate ETF (AVRE) and Dimensional Global Real Estate ETF (DFGR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AVRE	DFGR	Difference
Sharpe ratio: Return per unit of total volatility	0.89	0.92	-0.03
Sortino ratio: Return per unit of downside risk	1.27	1.32	-0.05
Omega ratio: Gain probability vs. loss probability	1.16	1.17	-0.01
Calmar ratio: Return relative to maximum drawdown	1.16	1.23	-0.07
Martin ratio: Return relative to average drawdown	4.18	4.32	-0.14

AVRE vs. DFGR - Sharpe Ratio Comparison

The current AVRE Sharpe Ratio is 0.89, which is comparable to the DFGR Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of AVRE and DFGR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AVRE vs. DFGR - Drawdown Comparison

The maximum AVRE drawdown since its inception was -32.52%, which is greater than DFGR's maximum drawdown of -21.28%. Use the drawdown chart below to compare losses from any high point for AVRE and DFGR.

Drawdown Indicators

	AVRE	DFGR	Difference
Max Drawdown Largest peak-to-trough decline	-32.52%	-21.28%	-11.24%
Max Drawdown (1Y) Largest decline over 1 year	-9.38%	-9.15%	-0.23%
Max Drawdown (3Y) Largest decline over 3 years	-17.34%	-17.57%	+0.23%
Current Drawdown Current decline from peak	-0.83%	-1.42%	+0.59%
Average Drawdown Average peak-to-trough decline	-14.61%	-6.22%	-8.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.59%	2.59%	0.00%

Volatility

AVRE vs. DFGR - Volatility Comparison

Avantis Real Estate ETF (AVRE) and Dimensional Global Real Estate ETF (DFGR) have volatilities of 4.15% and 4.22%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVRE	DFGR	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.15%	4.22%	-0.07%
Volatility (6M) Calculated over the trailing 6-month period	9.56%	9.34%	+0.22%
Volatility (1Y) Calculated over the trailing 1-year period	12.31%	12.29%	+0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.60%	15.42%	+1.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.60%	15.42%	+1.18%

AVRE vs. DFGR - Expense Ratio Comparison

AVRE has a 0.17% expense ratio, which is lower than DFGR's 0.22% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

AVRE vs. DFGR - Dividend Comparison

AVRE's dividend yield for the trailing twelve months is around 4.26%, more than DFGR's 3.85% yield.

Position	TTM	2025	2024	2023	2022	2021
AVRE Avantis Real Estate ETF	4.26%	4.30%	3.99%	3.33%	3.78%	0.61%
DFGR Dimensional Global Real Estate ETF	3.85%	4.05%	3.73%	2.77%	0.59%	0.00%

Frequently Asked Questions

Can I hold both AVRE and DFGR in my portfolio?

With a correlation of 0.98, AVRE and DFGR move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, AVRE or DFGR?

DFGR has higher volatility (4.22%) compared to AVRE (4.15%). In terms of maximum drawdown, AVRE dropped -32.52% vs DFGR's -21.28%.

Which ETF is better, AVRE or DFGR?

On 3-year performance, DFGR leads with 11.14% vs 10.51% for AVRE. On fees, AVRE is cheaper at 0.17% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVRE or DFGR?

Over the 3-year period, DFGR has performed better with a 11.14% return vs 10.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVRE or DFGR?

AVRE is cheaper with a 0.17% expense ratio, compared with 0.22% for DFGR.

Which ETF pays a higher dividend yield, AVRE or DFGR?

AVRE has the higher dividend yield at 4.26%, compared with 3.85% for DFGR.

What is the main difference between AVRE and DFGR?

They also come from different issuers: Avantis and Dimensional. Their fees differ too: 0.17% for AVRE and 0.22% for DFGR.

Which has better risk-adjusted returns?

DFGR currently has the higher Sharpe Ratio (0.92 vs 0.89), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.